Friday, 21 November 2014

Indicator Y Short 2223 - Low 2223 So Far

The trading range, after the hourly indicator Y short 2223, had basically traded above its stop and reverse sell trade signal and even had gone up to 2238 generating floating loss of 15 points at high.

The hourly indicator Y short 2223 is now struggling with its short and finding no stop and reverse buy trade signal yet in next few trading sessions; which mean, the short 2223 will still struggle to hold on its short position with stop loss signals.

As mentioned in previous post on the good and bad of the indicator Y which can be found in the learning corner, the hourly indicator Y will struggle finding far away SAR trade after being triggered. It had its good point and bad point, good is avoiding whipsaw trades, bad is creating fear.